WhatsApp

I do have to say that based on all the other companies we analyze, I was expecting to see gross margin highlighted in their financials and talked about in the presentation, but Facebook's actual operating margin is so good that that is what shows up everywhere,'cause they actually make money and they make a ton of it. It's like a dramatic departure from a lot of the episodes we've done in the last year. So that's That's insane. I mean the fun the way that like think about that status if like for every dollar they bring in house, they keep forty five cents even after paying for everything. All their fixed costs, all their employees. It's just a cache machine. That's why it's a six hundred and thirty billion dollar market cap company.

Yep. Welcome to season six, episode one of Acquired. the podcast about great technology companies and the stories behind them. I'm Ben Gilbert. I'm David Rosenthal. And we are your hosts.

Today we are talking about WhatsApp. An app that Facebook paid$22 billion for and has done virtually nothing in the six years since. And in fact it was reported last week they are uh that's right, David, abandoning near term efforts uh to enable advertising in WhatsApp, which of course is Facebook's core business model. You said twenty two. Billion, right?

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